Oil (F) 2018-02-28

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As we advised last week and as we see over our previous chart

As Crude broke above resistance 62.10 more advance still on hand where market managed to hit target 63.80

Intraday Showing first support at 62.30 where as long as market holding above more advance to test 65.20-30 will be expected, while above this zone more advance to re-tetst 66.60 is expected

Below 62.30market may head for farther drop to re-test 60.75 support which in turn may provide some rebound correction

  Support Resistance
Level 1 62.30 64.30
Level 2 60.75 65.20-30
Level 3 58.50 66.60

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